Develop a Project Charter by Sean Whitaker

About the Lecture

The lecture Develop a Project Charter by Sean Whitaker is from the course Archiv - PMP Training – Become a Project Management Professional (EN). It contains the following chapters:

Project Integration Management
Inputs
Project Selection Methods
Payback Period
Net Present Value

Included Quiz Questions

Which types of projects should have a project charter?

All projects should have a project charter.
Only complex projects should have a project charter.
Only projects with very high financial benefit should have a project charter?
Only projects with an external client should have a project charter?

Which if the following is not an input in the Develop Project Charter process?

Project charter
Agreements
Statement of work
Business case

What is the link between project management and an organizations strategy?

Organizations achieve their strategic goals through successful projects.
There is no link between the two concepts.
Projects are delivered successfully only if the organizations strategic goals are met.
Project management and strategic management are two ways of saying the same thing.

What is the payback period for a project that will spend $15,000 then earn income of $7,500 in the first year, $3,500 in year two, $4,000 in year three and $1,500 in year four?

3 years.
1 year.
2 years.
4 years.

What is the Net Present Value of a project with an initial spend of $20,000, and $15,000 earned in the first year, $20,000 in year two, and $22,000 in year 3 with a discount rate of 8%?